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2 Sep 2015
GBP/USD wobbles around 1.5300 on data
FXStreet (Edinburgh) - The selling pressure around the sterling remains unabated today, with GBP/USD now recovering the 1.5300 neighbourhood.
GBP/USD muted post-PMI
The pair paid little attention to the just released UK Construction PMI, coming in at 57.3 vs. 57.5 initially forecasted albeit a tad better than July’s reading at 57.1.
Spot is retreating since Monday despite recent comments by Governor M.Carney at Jackson Hole, where he looked to decouple the BoE’s monetary policy with events overseas, in particularly China.
GBP/USD levels to watch
As of writing the pair is losing 0.06% at 1.5295 with the immediate support at 1.5272 (low Sep.2) followed by 1.5257 (low Jun.10) and then 1.5221 (low Jun.8). On the upside, a breakout of 1.5322 (high Sep.1) would target 1.5409 (high Sep.1) and finally 1.5443 (high Aug.28).
GBP/USD muted post-PMI
The pair paid little attention to the just released UK Construction PMI, coming in at 57.3 vs. 57.5 initially forecasted albeit a tad better than July’s reading at 57.1.
Spot is retreating since Monday despite recent comments by Governor M.Carney at Jackson Hole, where he looked to decouple the BoE’s monetary policy with events overseas, in particularly China.
GBP/USD levels to watch
As of writing the pair is losing 0.06% at 1.5295 with the immediate support at 1.5272 (low Sep.2) followed by 1.5257 (low Jun.10) and then 1.5221 (low Jun.8). On the upside, a breakout of 1.5322 (high Sep.1) would target 1.5409 (high Sep.1) and finally 1.5443 (high Aug.28).